[其它考试]贸易术语2010ppt.ppt

International Trade Terms Role of International Trade Terms International Trade Usages A Guide to Incoterms 2000 Role of International Trade Terms Trade terms, also called price terms or delivery terms, are an important component of a unit price in international trade, standing for specific obligations of the buyer and the seller. Every commercial transaction is based upon a sales contract, and the trade terms used in the contract have the important function of naming the exact point at which the ownership of the merchandise is transferred from the seller to the buyer. The trade terms also define the responsibilities and expenses of both the seller and the buyers. The use of the trade terms greatly simplifies the contract negotiations, and thus saves time and cost. The seller or the buyer shall handle a series of complicated formalities, which include: Carrying out customs formalities for the goods; Obtaining the import or export license; Chartering a ship or booking shipping space; Making insurance; Asking for inspection; Pay all kinds of charges and expenses, such as freight, loading and unloading expenses. Therefore, after a long-term process of business practice, a set of special trade terms have taken shape in international trade which are not customary practices in domestic trade. The terms have developed into the international merchantable customs and have been simplified to a certain extent. They are in universal use in foreign trade transactions. They are, however, sometimes interpreted differently in different countries and their meanings may be modified by the agreement of the parties, by the customs of a particular trade or the usage prevailing at a particular port. Definition: The trade terms refer to using a brief English concept or abbreviation to indicate the formation of the unit price and determine the responsibilities, expenses and risks borne by two parties as well as the time of the passing of the property in the goods. Warsaw-Oxfor